Land sold June-16.
Whole amount received Invested in Bank under capital gain scheme.
Withdrawn from bank account and purchased house in March-18 using 85% of whole amount.
Is the balance 15% taxable in FY 17-18.
If tht balance amount is used in improvement of the same house property, will tht be taxable?
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Capital Gains
Replies (2)
1. Yes.(actually on closure of acc)
2. No
Can anyone please explain along with provisions..
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